BILLS OF EXCHANGE ACT 1909 - SECT 98 Computation of time
BILLS OF EXCHANGE ACT 1909 - SECT 98
Computation of time(1) Where, by this Act, the time limited for doing any act or thing is less than three days, in reckoning time, non - business days are excluded.
(2) When the day on which any payment, presentment, notice, noting, protest, acceptance, act or thing should be made, given, or done in connexion with a bill, cheque, or note falls on a non - business day, it may be made, given, or done on the business day next following.
(3) For the purposes of this Act, Christmas Day, Good Friday, a Sunday or a bank holiday is a non - business day, and any other day is a business day.
(4) Where, by or in pursuance of a law of the Commonwealth (including a law of a Territory) or a law of a State, any day is declared to be a bank holiday in the Commonwealth or in a State or in a part of the Commonwealth or of a State, that day shall, for the purposes of this Act, be a bank holiday in the Commonwealth or in the State or in the part of the Commonwealth or of the State as the case requires.
(5) Where, by or in pursuance of a law of the Commonwealth
(including a law of a Territory) or a law of a State, any portion of a day is
declared to be a bank half - holiday in the Commonwealth or in a State or in a
part of the Commonwealth or of a State, the day shall be deemed to be a bank
holiday so far as regards bills of exchange and promissory notes payable on
that day at any bank in the locality to which the half - holiday applies and
not presented for payment during the portion of the day not included in the
bank half - holiday.